Jump to content
Français
Sign in to follow this  
ufilechris

"Income, expenses" versus "Home Office Expenses"

Recommended Posts

I have a sole proprietorship (self-employed). That is my only "job". I use exactly one-quarter of my home exclusively as my office. Of course, I claim everything as I am self-employed, not just the "home office" stuff when you have an employer. However, UFile let's you fill in both parts, unfortunately. There is no warning like, "You can't claim utilities under 'Income, expenses' because you already claimed it under 'home office expenses'. So, without such a warning, it makes it seem like you can claim that stuff in both sections, but that feels like it would be double-dipping. This makes a difference of me owing around $100, or getting a refund of around $500, so it's not a moot point.

1. Do I "Heat" under "Home Office Expenses", or "Utilities (Light & Power)" under "Income, expenses"?

2. Do I claim "Insurance" (home) under "Home Office Expenses" or "Income, expenses"?

3. Do I claim "Maintenance and Repair" under HOC or Inc Exp?

4. Do I claim "Telephone" under HOC or Inc Exp?

5. Do I claim "Property Tax" under HOC or Inc Exp?

 

Thanks,

 

Chris

Share this post


Link to post
Share on other sites

6. If we are to use either "Home Office Expenses" section OR "Income, expenses" sections (but not both) why are both sub-categories of "Self-employment Income"?

 

My understanding is (was?) that "home office" is a term for people who have an employer but want to claim SOME expenses associated with using part of their home for their work, whereas "business expenses" is a term for self-employed individuals who (being self-employed) can claim many more things than those claiming office-at-home for their outside job.

Share this post


Link to post
Share on other sites

As mentioned on the "Income, expenses" page under "Self-employment income":

 

"Business expenses (excluding CCA, home office and vehicle expenses)".

 

Employment expenses are entered in the "Employment expenses" section that will appear in the QuikClik navigator if you select it in the "Interview setup".

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

© 2013 ImpôtExpert, Thomson Reuters. Tous droits réservés. Politique de confidentialité
×
×
  • Create New...